112 SBA loans worth $55.0M went to businesses in Anoka, MN between October 2021 and June 2026, from 40 lenders. Bank of Elk River made the most, 11 loans. The median loan was $250,000, compared with $212,000 across Minnesota, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Bank of Elk River Bank · Elk River, MN | 11 | $3.0M | $250,000 | 36% |
| 2 | U.S. Bank Bank · Cincinnati, OH | 10 | $2.9M | $38,800 | 20% |
| 3 | Huntington National Bank Bank · Columbus, OH | 8 | $1.0M | $62,500 | 12% |
| 4 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 6 | $6.0M | $1,087,000 | 17% |
| 5 | Village Bank Bank · St. Francis, MN | 6 | $3.9M | $750,200 | 0% |
| 6 | Midwest Business Finance Certified development company · St. Cloud, MN | 5 | $2.1M | $353,000 | 20% |
| 7 | Choice Financial Group Bank · Fargo, ND | 5 | $830K | $150,000 | 20% |
| 8 | Old National Bank Bank · Evansville, IN | 4 | $2.6M | $667,000 | 0% |
| 9 | Hiawatha National Bank Bank · Hager City, WI | 4 | $734K | $131,850 | 0% |
| 10 | Platinum Bank Bank · Oakdale, MN | 3 | $3.6M | $1,524,200 | 0% |
| 11 | 21st Century Bank Bank · Loretto, MN | 3 | $1.2M | $250,000 | 0% |
| 12 | Sunrise Banks Bank · Sioux Falls, SD | 3 | $213K | $75,000 | 33% |
| 13 | Northeast Bank Bank · Portland, ME | 3 | $155K | $50,000 | 0% |
| 14 | Newtek Bank Bank · Miami, FL | 2 | $5.0M | $2,512,500 | 0% |
| 15 | Central Minnesota Development Certified development company · Andover, MN | 2 | $3.1M | $1,547,500 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 22 | $370,000 | Twin Cities-Metro Certified Development | |
| Construction | 21 | $250,000 | Bank of Elk River | |
| Restaurants and hotels | 20 | $185,150 | Huntington National Bank | |
| Retail | 16 | $242,000 | Village Bank | |
| Transportation and warehousing | 6 | $150,000 | Granite Bank | |
| Administrative and support services | 5 | $486,700 | Bank of Elk River | |
| Health care and social assistance | 5 | $164,700 | Magnifi Financial CU | |
| Other services (repair, personal care) | 4 | $422,500 | Midwest Business Finance |